Inflation Peru 2021
Average inflation: 4.3%
Current Inflation
Inflation is high at 4.3%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 7.0%. The lowest inflation was in April at 2.6%.
- Highest month
- December: 7.0%
- Lowest month
- April: 2.6%
- Difference
- 4.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 2.4%. The lowest price increase was in Core inflation with an average of 2.4%.
- Highest increase
- Core inflation: 2.4%
- Lowest increase
- Core inflation: 2.4%
Historical Context
Current inflation is 1.7% higher than the 5-year average of 2.6%. This approaches the highest level since records began (4.3% in 2021).
- 5-year average
- 2.6%
- 10-year average
- 3%
- All-time high (2021)
- 4.3%
- All-time low (2018)
- 1.5%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +2.3 percentage point.
- Change vs. previous year
- +2.3 percentage points
- Largest monthly swing
- December: +4.8 percentage points
ECB Target
Inflation is 2.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 2.9% | +1.0 |
| February | 2.8% | +1.0 |
| March | 2.9% | +1.1 |
| April | 2.6% | +0.6 |
| May | 2.8% | +0.9 |
| June | 3.5% | +1.7 |
| July | 4.0% | +1.8 |
| August | 5.0% | +2.9 |
| September | 5.4% | +3.1 |
| October | 6.1% | +4.1 |
| November | 6.2% | +4.0 |
| December | 7.0% | +4.8 |
| Average | 4.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.